Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.08

+1.8%

12:59 PM EST

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To: Art Bechhoefer who wrote (33188)	6/25/1999 12:03:00 PM
From: llwk7051@aol.com	Read Replies (1) of 152472

Art you stated "If you believe the stock is fully valued (a mistake for QCOM shareholders), you might want to sell short and close your position AFTER you have held the shares for at least a year. That way you can get the lower capital gain tax rate." I don't think this will work for tax purposes. In an over simplification of irs rules, I think the short position will freeze your holding period so the gain will stay short term. You might want to check with your tax advisor if you are ever interested in this technique to get a full explanation. Robert D.

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